109 W Madison ST, Philo, IL 61864
109 W Madison ST, Philo, IL 61864
109 W Madison ST, Philo, IL 61864
109 W Madison ST, Philo, IL 61864
109 W Madison ST, Philo, IL 61864
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Steve Porter

Steve Porter

+1(773) 992-9619
$ 170,000
Est. payment | /mo

4 Beds

2 Baths

2,000 SqFt

Save
$ 170,000
Est. payment | /mo
Save

4 Beds

2 Baths

2,000 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached Single

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $85

Subdivision Orig Town Of Philo

MLS Listing ID 12717006

Style Farmhouse

Bedrooms 4

Full Baths 2

Year Built 1880

Annual Tax Amount $2,930

Tax Year 2025

Lot Size 0.280 Acres

Lot Dimensions 80X150

Property Sub-Type Detached Single

Property Description

Excellent investment opportunity in the heart of Philo! This income-producing property offers over 2,000 square feet and has been successfully operated as a duplex for many years. Currently configured as two 2-bedroom, 1-bath units, the home also offers the potential to be converted back into a single-family residence by reopening the interior staircase to the second floor. The upper unit, accessed by a private exterior staircase, features updated paint, an updated bathroom, and an updated kitchen area, while the spacious main-level unit is occupied by long-term tenants. A shared laundry area is located in the basement, and both residential leases extend through April 2027, providing immediate rental income. Additional income is generated by a detached 3-car garage and a separate 1-car garage, both currently leased as storage units. The property features an updated septic system with city water service, a roof replaced by the current owner, separately metered electric service, shared water and gas that are billed back to the tenants, a large welcoming front porch, rear tenant parking, and a common outdoor area perfect for relaxing or grilling. Being sold as is, this handyman special offers outstanding investment potential with multiple possibilities in a desirable small-town community.

Location

State IL

County Champaign

Area Southern Champaign County / Douglas County

Rooms

Basement Finished, Partial

Interior

Interior Features 1st Floor Bedroom

Heating Natural Gas, Forced Air

Cooling Window Unit(s)

Equipment TV-Cable

Fireplace N

Appliance Range, Refrigerator

Exterior

Garage Spaces 4.0

Building

Dwelling Type Detached Single

Building Description Aluminum Siding, No

Sewer Septic Tank

Water Public

Level or Stories 2 Stories

Structure Type Aluminum Siding

New Construction false

Schools

Elementary Schools Unity East Elementary School

Middle Schools Unity Junior High School

High Schools Unity High School

School District 7 , 7, 7

Others

HOA Fee Include None

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Shannon Collins of  Green Street Realty 

 

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Steve Porter

Steve Porter

+1(773) 992-9619

Broker | License ID: 471.018397

Broker License ID: 471.018397

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